Tony Connelly and David Gow discuss EU-UK relations post-Brexit, focusing on Scottish, Northern Irish, and Welsh roles, upcoming UK elections, and Irish unity prospects. They explore challenges in negotiations, customs union complexities, evolving EU free movement landscape, and rising support for a United Ireland. Global uncertainties and political shifts are also analyzed, including concerns over far-right rise and future direction of Europe amidst shifting dynamics.
Speculations on Labour Party's EU approach post-elections, avoiding single market return.
Unique customs dynamics in Northern Ireland with tariff-free UK-EU arrangement impacting sectors.
Deep dives
UK Elections and EU Relations Post-Brexit
The upcoming UK elections pose questions about the future EU-UK dynamics after Brexit. Speculations revolve around the Labour Party's expected win and their proposed relationship with the EU. Key red lines include no return to the single market, EU, or freedom of movement. Discussions also focus on potential agreements on veterinary regulations and easing restrictions for musicians touring Europe post-Brexit.
Northern Ireland's Customs Union Situation
The unique position of Northern Ireland in both the UK customs territory and operating under the EU's customs union rules leads to a complex dynamic. Goods moving within Northern Ireland face light checks, whereas those entering the Irish Republic face stricter controls. Tariffs are avoided under a tariff-free arrangement between the UK and EU, impacting various sectors.
Impacts on Scotland and the TCA Review
In Scotland, Brexit and EU relations are minor aspects of the current election discussions. The Reform and SNP parties are key players highlighting potential TCA renegotiation challenges. Security cooperation emerges as a focal point, with uncertainties on possible compromises in the EU-UK trade dynamic post-2025 TCA review.
London's Financial Center Dynamics
The role of London's financial sector post-Brexit remains a significant factor. Challenges arise in re-establishing close EU ties without complying with EU financial regulations. Shifts towards a capital markets union in the EU highlight a competitive landscape impacting London's financial dominance, raising questions about future cooperation and regulatory alignment.
In this episode of The Sound of Economics, Rebecca Christie sits down with Tony Connelly, Europe editor of Irish public service broadcaster RTÉ, and David Gow, who chairs the Royal Society of Edinburgh's EU-Scotland initiative. They discuss EU-UK relations after Brexit, how Scotland, Northern Ireland and Wales fit into the picture, upcoming British elections, and long-term prospects for Irish unity. This episode was recorded on 6 June 2024.
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